Paragon West, with managing member Doug Dragoo, plans to buildTroon Estancia, which will have 40,000 sf of office space, 50,000sf of retail and a resort-type residential component. The projectwill be built on 18 acres between the Estancia Golf Club and TroonNorth Pinnacle Golf Course, two of the most opulent golf clubs inthe state.

The homes that surround the two golf courses are among the mostexpensive in the Valley, with lots going for as much as $1 million."It's right in the heart of one of the wealthiest areas in thenation," Dragoo tells GlobeSt.com. "There are a lot of bucks up inthat part of the world."

Paragon West purchased the 18-acre parcel for $6.39 million inAugust from a company formed by Doug Simonson of Pinnacle PeakRealty Inc. of Scottsdale. The lot is south of Dynamite Road, justpast the entrance to Estancia Gold Club and about a quarter-mileeast of Alma School Road.

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